A BILL to amend and reenact §29-12-12 of the Code of West Virginia,
1931, as amended, relating to continuation of the state Board
of Risk and Insurance Management.

Be it enacted by the Legislature of West Virginia:
That §29-12-12 of the Code of West Virginia, 1931, as amended,
be amended and reenacted to read as follows:ARTICLE 12. STATE INSURANCE.

§29-12-12. Continuation of state Board of Risk and Insurance
Management.

After having conducted a performance and fiscal audit through
its joint committee on government operations, pursuant to section
nine, article ten, chapter four of this code, the Legislature finds
and declares that the state board of insurance should be continued,
but shall be known and referred to as the state board of risk and
insurance management.
The state Board of Risk and Insurance Management shall
continue to exist until the first day of July, two thousand five
six, unless sooner terminated, continued or reestablished pursuant
to the provisions of article ten, chapter four of this code.

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(NOTE: The purpose of this bill is to continue the state
Board of Risk and Insurance Management until July 1, 2006, pursuant
to the West Virginia Sunset Law. This bill is recommended by the
Joint Committee on Government Operations.

Strike-throughs indicate language that would be stricken from
the present law and underscoring indicates new language that would
be added.)